Here are a few stock tips from renowned brokers, keeping a long term perspective in mind.
Angel Broking is bullish on Page Industries and has recommended accumulate rating on the stock with a target of Rs 3602 in its November 9, 2012 research report.
"Page Industries's for 2QFY2013, Page Industries (Page) reported numbers in line with our expectations on all fronts. The company's top-line grew by 21.9% yoy to Rs220cr from Rs181cr in the same quarter last year, in-line with our estimate of Rs215cr for the quarter. The EBITDA margin for the quarter expanded marginally by 30bp yoy and came in at 20.0%, against our estimate of 20.2%. Consequently, the company reported a profit of Rs31cr, 21.4% higher yoy from Rs25cr in 2QFY2012, in line with our estimate of Rs30cr."
Angel Broking is bullish on Tata Steel and has recommended buy rating on the stock with a target of Rs 463 in its November 9, 2012 research report.
"Tata Steel's Indian operations posted a net sales growth of 12.4% yoy to Rs9,151cr driven by increases in both, volumes (+5.0% yoy) as well as realization (+8.3% yoy). However, the EBITDA fell by 6.8% yoy to Rs2,516cr and EBITDA margin slipped 566bp yoy due to rising costs of raw material and higher power costs. The PAT fell by 10.3% yoy to Rs1,341cr due to higher interest and depreciation charges."
"The company's consolidated net sales rose marginally by 4.1% yoy to Rs34,133cr due to subdued performance from Tata Steel Europe (TSE). TSE reported an EBITDA/tonne of negative US$2 compared to +US$28 in 2QFY2012. Consequently, the company reported an adjusted net loss of Rs407cr which was aggravated by higher deferred tax provisions and interest expenses."
Dolat Capital is bullish on MOIL and has recommended accumulate rating on the stock with a target of Rs 282 in its November 12, 2012 research report.
"MOIL sales at Rs 2.29bn (-7.6%YoY/-5.4%QoQ) were lower than our estimate of Rs 2.42bn primarily due to lower than expected volumes which fell by 11.8%YoY/ 24.1%QoQ to 239kt (DCe279kt). Sales volumes were lower as company only sold 36kt of fines vs 69.9kt in Q1FY13. Realizations improved by 24.7%QoQ/ 6.1%YoY to Rs 8650 per tonne as a result of the price increases taken in Q2FY13 and lower amount of fines sold during the quarter. Production of Mn ore increased by 3.7%YoY to 487kt in H1FY13 but was largely on back of increase in low grade fines which increased by 17.5% to 106kt. Ferrograde and low grade silica ore production declined by 1.23% and 15.66% to 224kt and 151.5kt respectively."
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